It has never cost less to protect against an S&P drawdown in the next 12 months, according to Bank of America’s derivatives strategists, who note that high rates align with low implied vol and correlation to offer a historic entry point (at least since 2008 when the bank’s records start) for hedges.
Why is the cost of longer-dated S&P protection at record lows today?
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https://www.zerohedge.com/markets/it-has-never-been-cheaper-hedge-against-market-crash
